TRENTON – Legislation sponsored by Assemblymen Bruce Land and Bob Andrzejczak to help military families avoid foreclosure by extending the military post-service protection period to one year was recently advanced by an assembly committee.
“Returning veterans have a lot to sort out – from reconnecting with their families to finding a job and so much in between,” said Land (D-Cape May/Atlantic/Cumberland), a U.S. Army veteran. “This legislation will give them the time they need to focus on transitioning to civilian life.”
Current law protects those serving in the military from the sale, foreclosure or seizure of their property during a period of military service and for three months after, unless an order of sale was granted and approved by the court. This bill (A-2462) would extend the post-service period of protection to one year after release or discharge from military service.
“We enjoy an incomparable freedom and democracy because of the sacrifices made by our servicemen and -women on the front lines,” said Andrzejczak (D-Cape May/Atlantic/Cumberland), also a U.S. Army veteran. “When service members return to their home state of New Jersey, they should not have to face the possibility of losing their homes. Our military must have ample time to get back to work and back on a strong financial footing that will enable them to keep their homes.”
The bill was released by the Assembly Military and Veterans’ Affairs Committee.
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